New Jersey Economic Development Authority (NJEDA) · 12 hours ago
Credit Analyst
Camden County, NJ
Full-time
Hybrid
New Grad, Entry Level
$62K/yr - $65K/yrThe New Jersey Economic Development Authority (NJEDA) is dedicated to fostering sustainable economic growth in New Jersey. The Credit Analyst will analyze and evaluate commercial loan and real estate underwriting applications, structure credit arrangements, and ensure compliance with internal policies and industry standards.
Financial ServicesSecurityWeb Hosting
No H1B
Responsibilities
Review and analyze loan, incentive, and real estate underwriting applications for completeness and accuracy, including financial statements, cash flow, collateral, and compliance with program guidelines
Conduct applicant interviews to gather business, financial, and operational information; negotiate loan terms and conditions as needed
Prepare detailed credit memoranda and recommendations for approval, ensuring all documentation meets NJEDA standards and regulatory requirements
Participate in special projects related to new product development, process improvement, and cross-departmental initiatives to enhance underwriting efficiency and effectiveness
Support the implementation of new underwriting programs and contribute to the development of policies and procedures
Achieve timely and accurate completion of credit analyses and recommendations, meeting established turnaround times and quality benchmarks
Maintain a high level of compliance with NJEDA policies, statutory requirements, and audit standards, as measured by internal reviews and external audits
Work closely with colleagues in Credit and Finance, Economic Transformation, Community & Business Development, Closing Services, Legal, and other departments to ensure seamless processing and closing of transactions
Foster a collaborative and customer-focused work environment by actively participating in team meetings and cross-functional projects
Report directly to the Vice President, Credit and Finance or designated supervisor within the Credit and Finance department
Operate with moderate independence, escalating complex or high-risk matters to senior staff or management as appropriate
Qualification
Required
Bachelor's Degree in Accounting, Finance or Business Administration and/or equivalent professional experience
Understanding of GAAP, income, balance sheet and cash flow statements and personal net worth statements and tax returns
Ability to understand sound lending and underwriting principles, industry standards and regulatory compliance
Ability to understand loan approval procedures, closing and disbursement processes
Ability to understand loan documentation, appraisals, environmental reports, NJEDA loan policy and procedure manual
Ability to prioritize workload, must be highly organized, detail-oriented, handle various tasks simultaneously and function effectively under pressure
Excellent interpersonal and negotiating skills when dealing with external business professionals and NJEDA staff
Ability to communicate effectively both verbally and in writing; proficient in grammar, spelling and editing; and foster communications with business professionals and EDA staff
Must be able to maintain confidentiality and deal effectively and diplomatically with business professionals and EDA staff
Demonstrates respectful behavior and promotes teamwork and communication to encourage an interactive, cooperative, collaborative and customer focused work environment among division, EDA staff and external customers
Must possess advanced Microsoft Office suite, Moody's Financial Analyst and database skills and have the ability to learn new software programs
Demonstrate strong analytical and critical thinking abilities with attention to detail
Exhibit excellent verbal and written communication skills, including the ability to prepare clear, concise reports and interact professionally with applicants and colleagues
Show high levels of organization, time management, and the ability to prioritize multiple tasks in a deadline-driven environment
Maintain confidentiality and exercise sound judgment in handling sensitive information
Promote teamwork, respect, and a customer-focused approach in all interactions
Adapt to changes in the work environment and manage competing demands effectively
Staff are required to possess a driver's license valid in New Jersey only if the operation of a vehicle, rather than employee mobility, is necessary to perform the essentials duties of the position
Foreign degrees/transcripts must be evaluated by a reputable evaluation service at your own expense and must be submitted prior to a start date. If this cannot be provided within 21 days of an offer the offer will be rescinded
Must comply with the 'New Jersey First Act' which requires employees hired after September 1, 2011, to reside in New Jersey. Non-New Jersey resident employees must relocate to New Jersey within one year of their date of hire and provide proof of residency to Human Resources
Must complete an Outside Activity Questionnaire (disclosure of outside office or employment) on an annual basis
Must review the required NJ State Ethics Guidelines found on the state website
Selected candidates must be authorized to work in the United States per the Department of Homeland Security, United States Citizenship and Immigration Services regulations. Note: The State of New Jersey does not provide sponsorship for citizenship to the United States
Preferred
Financial analysis coursework preferred
Experience in a financial environment through college internship, cooperative work or similar programs
Advanced degree or industry specific certification may be substituted for 1 year of experience
Proficiency in the Microsoft Office Suite is preferred
Benefits
Health insurance
Retirement plans
Extensive wellness programs
Company
New Jersey Economic Development Authority (NJEDA)
The New Jersey Economic Development Authority (NJEDA) serves as the State’s principal agency for driving economic growth.
Founded in 1974
201-500 employees
Funding
Current Stage
Growth StageTotal Funding
$1M2018-07-01Seed· $1M
Leadership Team
Frederick J. Cole
Senior Vice President - Business Support
Clark Smith
Senior Director – Technology Innovation Products
Recent News
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